Monday 30 July 2018

Top 15 things to know

Top 15 things to know

A list of important headlines from across news agencies that could help in your trade today..
Bulls roared on Dalal Street on Friday as follow up buying helped frontline indices end at record closing highs. After opening higher, the Nifty50 remained on the upward path throughout the session, forming robust bullish candle on the daily candlestick chart as well as the weekly chart.
All sectoral, as well as broader indices, participated in the rally barring PSU Bank. FMCG and Metal indices were the biggest gainers, rising 2 percent each while the Nifty Midcap index was up 0.9 percent.
The 30-share BSE Sensex, which hit the record high for the 21st time in 2018, closed 352.21 points higher at 37,336.85, driven by ITC which was the biggest gainer with 5 percent rally after Q1 earnings.
According to Pivot charts, the key support level is placed at 11,231.2, followed by 11,184.1. If the index starts moving upwards, key resistance levels to watch out are 11,304.4 and 11,330.5.
The Nifty Bank index closed at 27,634.40, up 228 points on Friday. The important Pivot level, which will act as crucial support for the index, is placed at 27,505.9, followed by 27,377.4. On the upside, key resistance levels are placed at 27,712.0, followed by 27,789.6.